Located along the shores of Lake Michigan, Lake County is one of five “collar counties” surrounding the city of Chicago, the largest urban center in both the state and region at large. Widely considered to be one of the most affluent counties in the state, Lake County offers residents and business owners the opportunity to enjoy a peaceful, welcoming community atmosphere while remaining in close proximity to Chicago. Office space for rent and commercial space for rent in Lake County may prove to be an advantageous opportunity for business owners seeking a powerful platform on which to launch their business efforts in this state. Rental properties for lease in the neighborhood zones of Lake County are some of the more popular locations in Illinois.
Average household incomes in Lake County are situated at approximately $76,000, nearly 50% above state averages. Because of this, the majority of Lake County’s residents are solidly positioned within a middle class economic bracket. Common occupations for residents of Lake County include positions within the science/technology industries as well as management roles in a variety of manufacturing, construction and fabrication businesses. Lake County’s unemployment levels are significantly lower than current state averages, due in large part to the fact that the economy here is quite diversified. Per capita income levels remain markedly higher than state averages.
The Illinois State Legislature first created Lake County in 1839, forming this region from sections of land formerly belonging to McHenry County. The area is home to a wide variety of natural attractions, including Illinois Beach State Park, North Point Marina and the Chain O’Lakes State Park, among others. As this region contains a variety of larger communities situated around the city of Chicago, there are a number of notable cultural and economic opportunities here. On a demographic level, Lake County is approximately 80% Caucasian, with the remaining section of the population consisting of individuals from a variety of ethnic groups, including African Americans and Hispanic Americans, among others.
Depending upon the particular type of business that will be established, a variety of locations within Lake County may prove to be ideal for business owners. North Chicago and Waukegan are the two largest cities in Lake County. These locations are recommended for businesses relying on interactions with customers on a retail level. Businesses focused on manufacturing-related endeavors may find better opportunities for development and growth on the outskirts of the county.